METROCITY BANKSHARES INC (MCBS)
US59165J1051 - Common Stock
Overall MCBS gets a technical rating of 9 out of 10. Both in the recent history as in the last year, MCBS has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: MCBS has an average volume of 18540 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that MCBS is one of the better performing stocks in the market, outperforming 85% of all stocks. We also observe that the gains produced by MCBS over the past year are nicely spread over this period.
MCBS is part of the Banks industry. There are 412 other stocks in this industry. MCBS outperforms 92% of them.
MCBS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MCBS is performing more or less in line with the market.
In the last month MCBS has a been trading in the 21.89 - 24.82 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, MCBS also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 24.72. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.82, a Stop Loss order could be placed below this zone.
More info and screens
19.28
25.68
When analyzing the support we can see 4 important areas.
- A support zone ranging from 23.55 to 23.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.64 to 22.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.11 from a horizontal line in the daily time frame.
- Support @19.47 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @24.72 from a horizontal line in the daily time frame.
- A resistance zone ranging from 25.40 to 25.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.41
Mansfield0.33
10 Day High24.82
10 Day Low22.29
20 Day High24.82
20 Day Low21.89
52 Week High26.23
52 Week Low13.1
Performance
1 Week1.48%
2 Weeks5.71%
1 Month-3.57%
3 Month-1.67%
6 Month23.06%
12 Month47.22%
2 Year18.11%
3 Year50.34%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.12
RSI(14)53.9
LBB22.09
UBB24.86
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 24.73 | 23.54 | 1.19 (4.81%) | 20.78% |
| An entry @24.73. This is a Buy Stop order right above the resistance zone. | An exit @23.54. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.19 points, which is 4.81%. | When investing 20.78% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of MCBS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
METROCITY BANKSHARES INC
NASDAQ:MCBS (4/26/2024, 7:02:45 PM)
After market: 24.07 0 (0%)24.07
+0.22 (+0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.92%
1 Week1.48%
2 Weeks5.71%
1 Month-3.57%
3 Month-1.67%
6 Month23.06%
12 Month47.22%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.89
ATR(20)%3.57%
ATR Inc
Range Today0.29
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High24.82
10 Day Low22.29
20 Day High24.82
20 Day Low21.89
52 Week High26.23
52 Week Low13.1
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume10.90K
Volume Incr-10.34%
Vol(5)16.30K
Vol(50)18.54K